AHR American Healthcare REIT, Inc. Common Stock
$54.56
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026
52W Range
$40–$59
78% of range
Analyst Rating
BUY
19 analysts
Price Target
$62
+14% upside
P/E (TTM)
129.9
ROE
2.5%
Net Profit Margin
3.1%
AHR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$54.56
Market Cap
$10.14B
P/E (TTM)
129.9
EPS (TTM)
$0.42
Revenue (TTM)
$2.26B
Div Yield
1.6%
ROE
2.5%
Debt/Equity
—
52W Range
$40 – $59
AHR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$2.26B
2016-12-31
→
2025-12-31
EPS
$0.42
2019-12-31
→
2025-12-31
Free Cash Flow
—
Margins
3.1%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AHR
Peer Median
P/E (TTM)
129.9
50.5
P/S (TTM)
4.5
6.9
P/B
3.1
2.2
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AHR
Peer Median
Operating Margin
18.4%
—
Net Profit Margin
3.1%
9.9%
ROA
1.4%
2.2%
ROE
2.5%
3.5%
ROIC
18.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AHR
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AHR
Peer Median
Revenue YoY
9.2%
—
Revenue CAGR 3Y
17.0%
—
Revenue CAGR 5Y
16.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AHR
Peer Median
Payout Ratio
234.2%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.6%
Payout Ratio
234.2%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.2500 |
| March 31, 2026 | $0.2500 |
| Dec. 31, 2025 | $0.2500 |
| Sept. 30, 2025 | $0.2500 |
| June 30, 2025 | $0.2500 |
| March 31, 2025 | $0.2500 |
| Dec. 31, 2024 | $0.2500 |
| Sept. 20, 2024 | $0.2500 |
| June 27, 2024 | $0.2500 |
| March 27, 2024 | $0.2500 |
AHR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
19 analysts
- Strong Buy 7 36.8%
- Buy 11 57.9%
- Hold 1 5.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
15 analysts · 2026-08-17
Median
$61.00
← Below all targets
$54.56
Low
$55.00
High
$70.00
Median target
$61.00
+11.8%
Mean target
$62.13
+13.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.16 | $0.17 | -0.01% |
| March 31, 2026 | $0.13 | $0.16 | -0.03% |
| Dec. 31, 2025 | $0.06 | $0.16 | -0.10% |
| Sept. 30, 2025 | $0.24 | $0.16 | 0.08% |
| June 30, 2025 | $0.14 | $0.10 | 0.04% |
| March 31, 2025 | $0.29 | $0.04 | 0.25% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AHR | $8.75B | 112.0 | 9.2% | 3.1% | 2.5% | — |
| WELL | $129.28B | 133.5 | 35.6% | 8.9% | 2.6% | — |
| VTR | — | 143.3 | 18.5% | 4.5% | 2.2% | — |
| DOC | $11.18B | 160.8 | 4.5% | 2.5% | 0.90% | — |
| OHI | $13.10B | 22.9 | 13.2% | 49.6% | 12.2% | — |
| JAN | — | — | — | — | — | — |
| CTRE | $8.05B | 23.0 | 60.8% | 67.3% | 9.2% | — |
| ARE | $8.35B | -5.8 | -2.9% | -47.2% | -8.6% | — |
| HR | $5.96B | -23.9 | -6.9% | -20.8% | -5.0% | — |
| SBRA | $4.77B | 29.6 | 10.2% | 20.1% | 5.6% | — |
| NHI | $3.69B | 25.3 | 12.1% | 37.9% | 9.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.26B | $2.07B | $1.87B | $1.41B | $1.12B | $1.07B | $1.10B | $84M | $33M | $3M | |
| Cost of Revenue | $1.79B | $1.65B | $1.50B | $1.28B | $1.03B | $994M | $968M | $30M | $4M | $0 | |
| SG&A Expense | $59M | $48M | $48M | $43M | $43M | $27M | $30M | $9M | $4M | $1M | |
| Operating Expenses | $2.10B | $1.94B | $1.80B | $1.56B | $1.26B | $1.15B | $1.14B | $86M | $30M | $437.0K | |
| Operating Income | $415M | $364M | $307M | $302M | $213M | $218M | $221M | · | · | $-5M | |
| Interest Expense | $86M | $128M | $163M | $106M | $81M | $71M | $79M | $7M | $3M | $514.0K | |
| Other Non-op | $-115M | $-164M | $-147M | $-159M | $-76M | $-86M | $-80M | · | · | · | |
| Pretax Income | $49M | $-34M | $-76M | $-73M | $-52M | $6M | $672.0K | $-9M | $508.0K | $-5M | |
| Income Tax | $-22M | $2M | $663.0K | $586.0K | $956.0K | $-3M | $2M | $8.0K | $0 | $0 | |
| Net Income | $70M | $-38M | $-71M | $-81M | $-48M | $2M | $-5M | $-8M | $541.0K | $-5M | |
| EPS (Basic) | $0.42 | $-0.29 | $-1.08 | $-1.24 | $-0.95 | $0.05 | $-0.03 | · | · | · | |
| EPS (Diluted) | $0.42 | $-0.29 | $-1.08 | $-1.24 | $-0.95 | $0.05 | $-0.03 | · | · | · | |
| Shares (Basic) | 166,055,466 | 130,637,539 | 66,047,114 | 65,807,868 | 50,081,140 | 44,979,210 | 181,931,306 | · | · | · | |
| Shares (Diluted) | 166,849,603 | 130,637,539 | 66,047,114 | 65,807,868 | 50,081,140 | 44,979,210 | 181,931,306 | · | · | · | |
| EBITDA | $603M | $543M | $489M | $470M | $347M | $50M | $46M | $33M | $14M | $-4M |
Balance Sheet 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $115M | $77M | $43M | $65M | $82M | $113M | $53M | $35M | $7M | $2M | |
| Inventory | $19M | $19M | $19M | $20M | $19M | $25M | · | · | · | · | |
| Goodwill | $235M | $235M | $3M | $232M | $210M | $75M | · | · | · | · | |
| Intangibles | $253M | $161M | $180M | $236M | $249M | $155M | $74M | $75M | $45M | $20M | |
| Total Assets | $5.43B | $4.49B | $4.58B | $4.79B | $4.58B | $3.23B | $1.07B | $896M | $480M | $143M | |
| Deferred Tax | $18M | $15M | $16M | $16M | $21M | $20M | · | · | · | · | |
| Total Liabilities | $2.07B | $2.18B | $3.12B | $3.14B | $2.75B | $2.16B | $477M | $337M | $126M | $51M | |
| Common Stock | $2M | $2M | $0 | · | $0 | $2M | · | · | · | · | |
| Paid-in Capital | $4.88B | $3.72B | $2.55B | $2.54B | $2.53B | $1.73B | $720M | $622M | $376M | $99M | |
| Retained Earnings | $-1.56B | $-1.46B | $-1.28B | $-1.14B | $-951M | $-864M | $-131M | $-65M | $-23M | $-7M | |
| AOCI | $-2M | $-3M | $-2M | $-3M | $-2M | $-2M | · | · | · | · | |
| Stockholders' Equity | $3.32B | $2.26B | $1.27B | $1.40B | $1.58B | $866M | $590M | $558M | $353M | $92M | |
| Liabilities + Equity | $5.43B | $4.49B | $4.58B | $4.79B | $4.58B | $3.23B | $1.07B | $896M | $480M | $143M | |
| Shares Outstanding | 185,911,442 | 157,446,697 | 0 | · | · | 179,658,367 | · | · | · | · |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $188M | $179M | $183M | $168M | $133M | $99M | $111M | $33M | $14M | $1M | |
| Stock-based Comp | $15M | $10M | $5M | · | $9M | $-1M | $3M | $185.0K | $131.0K | $80.0K | |
| Deferred Tax | $-23M | $0 | $0 | $0 | $0 | $-3M | $964.0K | $8.0K | $0 | · | |
| Amort. of Intangibles | $30M | $28M | $47M | $28M | $22M | $7M | $20M | $16M | $6M | $483.0K | |
| Other Non-cash | $45M | $35M | $-13M | $61M | $-76M | $3M | $12M | $-9M | $-2M | $521.0K | |
| Operating Cash Flow | $294M | $176M | $99M | $148M | $18M | $219M | $117M | $15M | $12M | $-4M | |
| Investing Cash Flow | $-1.08B | $-9M | $9M | $-119M | $-139M | $-148M | $-103M | $-412M | $-331M | $-133M | |
| Stock Issued | $1.16B | $1.36B | $0 | $0 | · | $0 | $90M | $254M | $299M | $111M | |
| Stock Repurchased | $0 | $14.0K | $469.0K | $21M | $382.0K | $23M | $90M | $3M | $735.0K | $0 | |
| Net Stock Activity | $1.16B | $1.36B | $-469.0K | $-21M | $-382.0K | $-6M | $82M | $251M | $298M | $111M | |
| Dividends Paid | $164M | $121M | $76M | $51M | $23M | $27M | $63M | $14M | $6M | $549.0K | |
| Financing Cash Flow | $817M | $-135M | $-129M | $-43M | $94M | $-9M | $3M | $404M | $323M | $139M | |
| Taxes Paid | $2M | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 18.4% | 19.3% | 18.4% | 21.4% | 19.0% | · | · | · | · | -219.7% | |
| Net Margin | 3.1% | -2.0% | -4.3% | -5.8% | -4.2% | · | -15.5% | -9.9% | 2.5% | -242.4% | |
| Pretax Margin | 2.1% | -1.8% | -4.6% | -5.2% | -4.7% | · | -15.6% | -10.2% | · | · | |
| EBITDA Margin | 26.7% | 28.8% | 29.3% | 33.3% | 30.8% | · | 37.8% | 38.7% | 62.5% | -164.2% | |
| ROA | 1.4% | -0.83% | -1.5% | -1.7% | -1.2% | -1.7% | -1.9% | -1.2% | 0.17% | -7.7% | |
| ROE | 2.5% | -2.1% | -5.3% | -5.5% | -3.9% | -3.2% | -3.3% | -1.8% | 0.24% | -8.1% | |
| ROIC | 18.2% | 16.9% | 24.4% | 21.7% | 13.7% | · | · | · | · | · |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | 4.8 | 2.8 | 1.9 | 2.8 | 2.6 | · | · | · | · | -9.6 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.4 | 0.4 | 0.3 | 0.3 | · | 0.1 | 0.1 | 0.1 | 0.0 | |
| Inventory Turnover | 93.6 | 84.9 | 76.6 | 66.2 | 47.3 | · | · | · | · | · |
Growth Rates 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 9.2% | 10.9% | 32.2% | 25.6% | 5.1% | · | · | · | · | · | |
| Revenue CAGR 3Y | 17.0% | 22.6% | 20.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 53.1% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 100.3% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 43.4% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.26B | $2.07B | $1.87B | $1.41B | $1.12B | $1.07B | $1.10B | $84M | $33M | $3M | |
| Net Income TTM | $70M | $-38M | $-71M | $-81M | $-48M | $2M | $-5M | $-8M | $541.0K | $-5M | |
| Market Cap | $8.75B | $4.47B | · | · | · | · | · | · | · | · | |
| P/E | 112.0 | -98.0 | · | · | · | · | · | · | · | · | |
| P/S | 3.9 | 2.2 | · | · | · | · | · | · | · | · | |
| P/B | 2.6 | 2.0 | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 3.1 | 2.4 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 29.7 | 25.4 | · | · | · | · | · | · | · | · | |
| Dividend Yield | 1.9% | 2.7% | · | · | · | · | · | · | · | · | |
| Earnings Yield | 0.89% | -1.0% | · | · | · | · | · | · | · | · | |
| Payout Ratio | 234.2% | -319.7% | -106.7% | -62.9% | -47.7% | -98.8% | -111.4% | -167.5% | 1182.6% | -10.0% | |
| Annual Payout | $164M | $121M | $76M | $51M | $23M | $27M | $63M | $14M | $6M | $549.0K |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $674M | $651M | $604M | $573M | $543M | $541M | $543M | $524M | $505M | $500M | $588M | $416M | $411M | $452M | $399M | $368M | |
| Cost of Revenue | $525M | $512M | $480M | $455M | $426M | $432M | $431M | $417M | $403M | $404M | $385M | $375M | $373M | $370M | $361M | $337M | |
| SG&A Expense | $20M | $18M | $17M | $14M | $15M | $13M | $12M | $12M | $12M | $12M | $11M | $11M | $12M | $13M | $12M | $10M | |
| Operating Expenses | $632M | $612M | $568M | $530M | $496M | $502M | $503M | $490M | $473M | $475M | $457M | $451M | $445M | $443M | $435M | $403M | |
| Operating Income | $137M | $126M | $112M | $106M | $103M | $95M | $99M | $94M | $89M | $82M | $85M | $75M | $80M | $67M | $77M | $74M | |
| Interest Expense | $19M | $19M | $20M | $20M | $23M | $23M | $30M | $30M | $31M | $36M | $41M | $42M | $41M | $39M | $35M | $28M | |
| Other Non-op | $-11M | $-15M | $-28M | $-7M | $-36M | $-45M | $-71M | $-37M | $-28M | $-28M | $-57M | $-20M | $-35M | $-36M | $-67M | $-31M | |
| Pretax Income | $31M | $23M | $9M | $36M | $11M | $-6M | $-32M | $-3M | $4M | $-3M | $-31M | $-6M | $-12M | $-27M | $-49M | $-8M | |
| Income Tax | $-3.0K | $-525.0K | $-2M | $-21M | $732.0K | $604.0K | $486.0K | $263.0K | $686.0K | $278.0K | $-112.0K | $284.0K | $348.0K | $143.0K | $87.0K | $126.0K | |
| Net Income | $31M | $24M | $11M | $56M | $10M | $-7M | $-32M | $-4M | $2M | $-4M | $-27M | $-6M | $-12M | $-26M | $-48M | $-14M | |
| EPS (Basic) | $0.16 | $0.13 | $0.07 | $0.33 | $0.06 | $-0.04 | $-0.23 | $-0.03 | $0.01 | $-0.04 | $-0.41 | $-0.09 | $-0.19 | $-0.39 | $-0.72 | $-0.21 | |
| EPS (Diluted) | $0.16 | $0.13 | $0.07 | $0.33 | $0.06 | $-0.04 | $-0.23 | $-0.03 | $0.01 | $-0.04 | $-0.41 | $-0.09 | $-0.19 | $-0.39 | $-0.72 | $-0.21 | |
| Shares (Basic) | 192,711,623 | 187,319,513 | -320,377,235 | 169,010,301 | 160,499,581 | 156,922,819 | -237,922,492 | 133,732,745 | 130,532,144 | 104,295,142 | -132,061,395 | 66,048,991 | 66,033,345 | 66,026,173 | -131,395,567 | 65,819,808 | |
| Shares (Diluted) | 193,347,757 | 187,970,438 | -321,018,862 | 169,802,090 | 161,143,556 | 156,922,819 | -238,080,237 | 133,732,745 | 130,689,889 | 104,295,142 | -132,061,395 | 66,048,991 | 66,033,345 | 66,026,173 | -131,395,567 | 65,819,808 | |
| EBITDA | $137M | $193M | · | $106M | $103M | $136M | · | $94M | $89M | $125M | · | $75M | $80M | $112M | · | $74M |
Balance Sheet 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $157M | $119M | $115M | $147M | $133M | $86M | $77M | $68M | $52M | $77M | $43M | $35M | $48M | $41M | $65M | $79M | |
| Inventory | $21M | $20M | $19M | $20M | $19M | $19M | $19M | $20M | $20M | $21M | · | $22M | $19M | $19M | · | $19M | |
| Goodwill | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $3M | $235M | $235M | $235M | $232M | $255M | |
| Intangibles | $237M | $250M | $253M | $181M | $156M | $156M | $161M | $178M | $179M | $188M | · | $197M | $211M | $219M | · | $238M | |
| Total Assets | $5.70B | $5.60B | $5.43B | $4.77B | $4.51B | $4.46B | $4.49B | $4.68B | $4.64B | $4.70B | · | $4.59B | $4.67B | $4.75B | · | $4.76B | |
| Deferred Tax | · | · | $18M | · | · | · | $15M | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $1.96B | $2.08B | $2.07B | $2.05B | $2.04B | $2.16B | $2.18B | $2.42B | $2.54B | $2.56B | · | $3.06B | $3.11B | $3.16B | · | $3.03B | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $644.0K | $644.0K | · | · | · | · | · | · | |
| Paid-in Capital | $5.30B | $5.07B | $4.88B | $4.20B | $3.96B | $3.77B | $3.72B | $3.59B | $3.28B | $3.28B | · | $2.55B | $2.55B | $2.55B | · | $2.53B | |
| Retained Earnings | $-1.60B | $-1.58B | $-1.56B | $-1.52B | $-1.54B | $-1.50B | $-1.46B | $-1.39B | $-1.34B | $-1.31B | · | $-1.23B | $-1.21B | $-1.18B | · | $-1.06B | |
| AOCI | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | $-3M | $-2M | $-2M | $-2M | · | $-3M | $-2M | $-3M | · | $-3M | |
| Stockholders' Equity | $3.69B | $3.48B | $3.32B | $2.68B | $2.42B | $2.26B | $2.26B | $2.21B | $1.93B | $1.96B | · | $1.31B | $1.34B | $1.36B | · | $1.47B | |
| Liabilities + Equity | $5.70B | $5.60B | $5.43B | $4.77B | $4.51B | $4.46B | $4.49B | $4.68B | $4.64B | $4.70B | · | $4.59B | $4.67B | $4.75B | · | $4.76B | |
| Shares Outstanding | 194,689,026 | 189,942,357 | 185,911,442 | 171,031,062 | 164,578,233 | 159,065,005 | 157,446,697 | 152,873,586 | 65,372,222 | 65,372,222 | · | · | · | · | · | · |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $72M | $67M | $55M | $49M | $42M | $41M | $47M | $44M | $45M | $43M | $44M | $49M | $45M | $45M | $45M | $40M | |
| Stock-based Comp | $6M | $5M | $5M | $3M | $3M | $3M | $2M | $3M | $3M | $2M | $1M | $2M | $2M | $1M | · | $879.0K | |
| Deferred Tax | $-223.0K | $-724.0K | $-2M | $-21M | $0 | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $25M | $22M | $12M | $9M | $4M | $4M | $7M | $7M | $8M | $6M | $6M | $15M | $8M | $17M | $8M | $6M | |
| Other Non-cash | · | $-14M | · | · | · | $24M | · | · | · | $-47M | · | · | · | $4M | · | · | |
| Operating Cash Flow | $119M | $81M | $55M | $107M | $71M | $61M | $60M | $63M | $59M | $-6M | $26M | $29M | $20M | $24M | $34M | $57M | |
| Investing Cash Flow | $-173M | $-203M | $-710M | $-278M | $-62M | $-33M | $87M | $-30M | $-60M | $-5M | $-11M | $11M | $43M | $-33M | $4M | $-25M | |
| Stock Issued | $229M | $192M | $677M | $243M | $189M | $48M | $120M | $471M | $0 | $773M | $0 | $0 | $0 | $0 | · | · | |
| Stock Repurchased | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $14.0K | $304.0K | $0 | $87.0K | $78.0K | $4M | $6M | |
| Net Stock Activity | · | $192M | · | · | · | $48M | · | · | · | $773M | · | · | · | $-78.0K | · | · | |
| Dividends Paid | $48M | $47M | $43M | $41M | $40M | $40M | $38M | $33M | $33M | $17M | $17M | $17M | $17M | $26M | $16M | $5M | |
| Financing Cash Flow | $89M | $127M | $622M | $186M | $33M | $-24M | $-140M | $-14M | $-26M | $45M | $-6M | $-52M | $-57M | $-14M | $-51M | $-12M |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 20.3% | 19.3% | · | 18.5% | 19.0% | 17.5% | · | 19.6% | 19.4% | 16.4% | · | 18.0% | 19.6% | 16.4% | · | 20.0% | |
| Net Margin | 4.5% | 3.6% | · | 9.8% | 1.8% | -1.3% | · | -0.87% | 0.43% | -0.78% | · | -1.4% | -3.0% | -6.3% | · | -3.7% | |
| Pretax Margin | 4.6% | 3.6% | · | 6.2% | 2.0% | -1.1% | · | -0.59% | 0.79% | -0.55% | · | -1.5% | -2.8% | -6.7% | · | -2.0% | |
| EBITDA Margin | 20.3% | 29.6% | · | 18.5% | 19.0% | 25.1% | · | 19.6% | 19.4% | 25.0% | · | 18.0% | 19.6% | 27.3% | · | 20.0% | |
| ROA | 0.60% | 0.47% | · | 1.2% | 0.22% | -0.15% | · | -0.09% | 0.04% | -0.08% | · | -0.13% | -0.27% | -0.56% | · | -0.46% | |
| ROE | 1.0% | 0.83% | · | 2.3% | 0.46% | -0.32% | · | -0.23% | 0.12% | -0.23% | · | -0.43% | -0.85% | -1.8% | · | -1.4% | |
| ROIC | 3.7% | 3.7% | · | 6.3% | 4.0% | 4.6% | · | 4.6% | 3.7% | 4.6% | · | 6.0% | 6.2% | 4.9% | · | 5.1% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | 7.4 | 6.7 | · | 5.2 | 4.6 | 4.1 | · | 3.1 | 2.9 | 2.3 | · | 1.8 | 2.0 | 1.7 | · | 2.7 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 26.3 | 25.7 | · | 22.5 | 21.6 | 21.6 | · | 19.8 | 20.5 | 20.3 | · | 18.3 | 19.6 | 19.9 | · | 35.8 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.44B | $2.31B | · | $2.18B | $2.11B | $2.07B | · | $1.94B | $1.83B | $1.78B | · | $1.65B | $1.56B | $1.47B | · | $1.30B | |
| Net Income TTM | $120M | $83M | · | $55M | $957.0K | $-13M | · | $-12M | $-20M | $-48M | · | $-58M | $-69M | $-60M | · | $-39M | |
| Market Cap | $10.15B | $8.96B | · | $7.19B | $6.05B | $4.82B | · | $3.99B | $955M | $964M | · | · | · | · | · | · | |
| P/E | 76.7 | 98.2 | · | 131.3 | · | -303.0 | · | -174.0 | -47.1 | -20.8 | · | · | · | · | · | · | |
| P/S | 4.2 | 3.9 | · | 3.3 | 2.9 | 2.3 | · | 2.1 | 0.5 | 0.5 | · | · | · | · | · | · | |
| P/B | 2.7 | 2.6 | · | 2.7 | 2.5 | 2.1 | · | 1.8 | 0.5 | 0.5 | · | · | · | · | · | · | |
| P / Tangible Book | 3.2 | 3.0 | · | 3.2 | 3.0 | 2.6 | · | 2.2 | 0.6 | 0.6 | · | · | · | · | · | · | |
| P / Cash Flow | · | 110.5 | · | · | · | 79.5 | · | · | · | -161.9 | · | · | · | · | · | · | |
| Earnings Yield | 1.3% | 1.0% | · | 0.76% | 0.00% | -0.33% | · | -0.57% | -2.1% | -4.8% | · | · | · | · | · | · | |
| Payout Ratio | · | 197.4% | · | · | · | -581.2% | · | · | · | -426.4% | · | · | · | -102.4% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $2.26B | $2.07B | $1.87B | $1.41B | $1.12B |
| Operating Margin % | 18.4% | 19.3% | 18.4% | 21.4% | 19.0% |
| Net Income | $70M | $-38M | $-71M | $-81M | $-48M |
| Diluted EPS | $0.42 | $-0.29 | $-1.08 | $-1.24 | $-0.95 |
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Institutional owners (13F) 602 filers · $7.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 99 (+26 vs prior Q) | 37 (-34 vs prior Q) | 224 (+17 vs prior Q) | 159 (+8 vs prior Q) | +57.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $885,269,092 | 16,975,438 | 12.30% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $479,863,388 | 9,201,599 | 6.67% | Shares |
| STATE STREET CORP | $473,965,152 | 9,046,025 | 6.58% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $255,395,655 | 4,897,328 | 3.55% | Shares |
| FMR LLC | $220,810,349 | 4,234,139 | 3.07% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $208,342,170 | 3,995,056 | 2.89% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $206,268,296 | 3,966,698 | 2.87% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $197,531,423 | 3,786,839 | 2.74% | Shares |
| Alyeska Investment Group, L.P. | $187,995,431 | 3,604,898 | 2.61% | Shares |
| Daiwa Securities Group Inc. | $174,300,058 | 3,342,283 | 2.42% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $168,767,830 | 3,236,200 | 2.34% | Shares |
| Capital World Investors | $146,530,392 | 2,809,787 | 2.04% | Shares |
| NORGES BANK | $139,557,103 | 2,676,071 | 1.94% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $139,150,489 | 2,668,274 | 1.93% | Shares |
| Balyasny Asset Management L.P. | $137,231,265 | 2,631,472 | 1.91% | Shares |
| AMERICAN CENTURY COMPANIES INC | $114,564,866 | 2,196,829 | 1.59% | Shares |
| TD Asset Management Inc | $106,021,628 | 2,033,013 | 1.47% | Shares |
| MILLENNIUM MANAGEMENT LLC | $103,886,607 | 1,992,073 | 1.44% | Shares |
| Hudson Bay Capital Management LP | $98,185,830 | 1,882,758 | 1.36% | Shares |
| ALLIANCEBERNSTEIN L.P. | $94,559,903 | 2,005,087 | 1.31% | Shares |
| BANK OF AMERICA CORP /DE/ | $80,402,210 | 1,541,749 | 1.12% | Shares |
| TWO SIGMA INVESTMENTS, LP | $79,930,826 | 1,532,710 | 1.11% | Shares |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC | $79,359,940 | 1,521,763 | 1.10% | Shares |
| GRS Advisors, LLC | $73,458,073 | 1,408,592 | 1.02% | Shares |
| Bahl & Gaynor LLC | $69,930,751 | 1,340,954 | 0.97% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $64,139,129 | 1,229,897 | 0.89% | Shares |
| Land & Buildings Investment Management, LLC | $57,398,220 | 1,100,637 | 0.80% | Shares |
| VANGUARD GROUP INC | $54,470,115 | 1,157,461 | 0.76% | Shares |
| Qube Research & Technologies Ltd | $53,189,350 | 1,019,930 | 0.74% | Shares |
| Eurizon Capital SGR S.p.A. | $46,505,704 | 892,612 | 0.65% | Shares |
| ANCHOR CAPITAL ADVISORS LLC | $45,526,637 | 872,994 | 0.63% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $45,156,321 | 865,893 | 0.63% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $43,127,424 | 826,988 | 0.60% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $42,241,500 | 810,000 | 0.59% | Shares |
| Burkehill Global Management, LP | $41,720,000 | 800,000 | 0.58% | Shares |
| GOLDMAN SACHS GROUP INC | $41,681,878 | 799,269 | 0.58% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $40,493,693 | 776,485 | 0.56% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $38,170,086 | 731,929 | 0.53% | Shares |
| LPL Financial LLC | $38,000,838 | 728,683 | 0.53% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $34,323,000 | 658,162 | 0.48% | Shares |
| Jain Global LLC | $33,477,953 | 641,955 | 0.47% | Shares |
| Verition Fund Management LLC | $31,974,312 | 613,122 | 0.44% | Shares |
| CITADEL ADVISORS LLC | $31,764,096 | 609,091 | 0.44% | Shares |
| Nuveen, LLC | $31,067,111 | 595,726 | 0.43% | Shares |
| Zimmer Partners, LP | $29,484,150 | 565,372 | 0.41% | Shares |
| Freestone Grove Partners LP | $29,374,896 | 563,277 | 0.41% | Shares |
| Engineers Gate Manager LP | $29,369,107 | 563,166 | 0.41% | Shares |
| BlackRock, Inc. | $26,585,183 | 509,783 | 0.37% | Shares |
| RHUMBLINE ADVISERS | $26,375,655 | 505,766 | 0.37% | Shares |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO | $26,170,278 | 501,827 | 0.36% | Shares |
| Retirement Systems of Alabama | $25,096,144 | 481,230 | 0.35% | Shares |
| Cander Asset Management LP | $24,631,905 | 472,328 | 0.34% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $23,898,937 | 458,273 | 0.33% | Shares |
| APG Asset Management US Inc. | $23,835,890 | 444,285 | 0.33% | Shares |
| CITADEL ADVISORS LLC | $23,034,655 | 441,700 | 0.32% | Call option |
| NEUBERGER BERMAN GROUP LLC | $22,758,416 | 436,403 | 0.32% | Shares |
| SOROS FUND MANAGEMENT LLC | $22,353,055 | 428,630 | 0.31% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $22,050,313 | 426,093 | 0.31% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $22,013,272 | 422,115 | 0.31% | Shares |
| Nuveen Asset Management, LLC | $21,971,445 | 773,098 | 0.31% | Shares |
| Point72 Asset Management, L.P. | $21,291,541 | 408,275 | 0.30% | Shares |
| Ghisallo Capital Management LLC | $20,860,000 | 400,000 | 0.29% | Shares |
| Swiss National Bank | $20,077,750 | 385,000 | 0.28% | Shares |
| Squarepoint Ops LLC | $19,545,872 | 374,801 | 0.27% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $19,415,445 | 372,300 | 0.27% | Shares |
| Hazelview Securities Inc. | $18,595,539 | 337,855 | 0.26% | Shares |
| Aptus Capital Advisors, LLC | $17,537,993 | 336,299 | 0.24% | Shares |
| Cetera Investment Advisers | $15,610,943 | 299,347 | 0.22% | Shares |
| AMERIPRISE FINANCIAL INC | $15,498,820 | 297,158 | 0.22% | Shares |
| Kestra Advisory Services, LLC | $15,080,214 | 289,170 | 0.21% | Shares |
| Apollo Management Holdings, L.P. | $14,670,838 | 281,320 | 0.20% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $14,264,590 | 273,530 | 0.20% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $13,988,299 | 268,232 | 0.19% | Shares |
| Susquehanna Portfolio Strategies, LLC | $13,704,290 | 262,786 | 0.19% | Shares |
| PRUDENTIAL FINANCIAL INC | $13,208,865 | 253,286 | 0.18% | Shares |
| MARSHALL WACE, LLP | $13,014,502 | 249,559 | 0.18% | Shares |
| Asset Management One Co., Ltd. | $12,961,737 | 274,846 | 0.18% | Shares |
| State of New Jersey Common Pension Fund D | $12,910,410 | 247,563 | 0.18% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $12,590,903 | 267,550 | 0.17% | Shares |
| TD Waterhouse Canada Inc. | $12,480,028 | 232,553 | 0.17% | Shares |
| Allianz Asset Management GmbH | $12,448,883 | 238,713 | 0.17% | Shares |
| RAYMOND JAMES FINANCIAL INC | $12,319,290 | 236,228 | 0.17% | Shares |
| Bank of New York Mellon Corp | $12,138,747 | 232,766 | 0.17% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $12,007,485 | 230,249 | 0.17% | Shares |
| CHILTON CAPITAL MANAGEMENT LLC | $11,670,228 | 222,903 | 0.16% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $11,586,791 | 222,182 | 0.16% | Shares |
| California Public Employees Retirement System | $11,511,435 | 220,737 | 0.16% | Shares |
| CITADEL ADVISORS LLC | $10,529,085 | 201,900 | 0.15% | Put option |
| Zimmer Partners, LP | $10,430,000 | 200,000 | 0.14% | Call option |
| Mitsubishi UFJ Asset Management Co., Ltd. | $10,264,528 | 196,827 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $9,927,952 | 190,373 | 0.14% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $9,837,941 | 188,647 | 0.14% | Shares |
| Greenland Capital Management LP | $9,647,750 | 185,000 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $9,472,793 | 200,865 | 0.13% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $9,313,781 | 178,596 | 0.13% | Shares |
| EASTERLY INVESTMENT PARTNERS LLC | $9,139,235 | 175,249 | 0.13% | Shares |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | $9,126,250 | 175,000 | 0.13% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $9,093,343 | 174,369 | 0.13% | Shares |
| Vanguard Investments Australia, Ltd. | $8,998,274 | 172,546 | 0.13% | Shares |
| Lighthouse Investment Partners, LLC | $8,440,166 | 161,844 | 0.12% | Shares |
Company insiders 14 insiders · 5 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jeffrey T Hanson | Chief Executive Officer | July 21, 2026 A | 0 | 0 | 3 | $-3,644,641 |
| Brian Peay | Chief Financial Officer | June 26, 2026 S | 152,700 | 0 | 1 | $-1,267,500 |
| Gabriel M Willhite | President & COO | July 21, 2026 A | 148,165 | 0 | 0 | $0 |
| Mark E. Foster | EVP, GC & Secretary | June 24, 2026 S | 52,995 | 0 | 4 | $-389,215 |
| Stefan K.L. Oh | Chief Investment Officer | April 6, 2026 M | 96,994 | 0 | 0 | $0 |
| Danny Prosky | Director | July 21, 2026 A | 313,592 | 0 | 0 | $0 |
| Valerie Richardson | Director | June 24, 2026 A | 20,656 | 0 | 0 | $0 |
| Brian J. Flornes | Director | June 24, 2026 A | 33,020 | 0 | 0 | $0 |
| Wilbur H Smith III | Director | June 24, 2026 A | 35,013 | 0 | 0 | $0 |
| Dianne Hurley | Director | June 24, 2026 A | 34,037 | 0 | 0 | $0 |
| Marvin R O'Quinn | Director | June 24, 2026 A | 20,656 | 0 | 0 | $0 |
| Mathieu B. Streiff | Director | June 24, 2026 A | 34,971 | 0 | 0 | $0 |
| Scott A Estes | Director | June 24, 2026 A | 21,489 | 0 | 0 | $0 |
| Harold H Greene | — | June 14, 2023 F | 3,857 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 83 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| PSR · Invesco Actively Managed Exchange-T… | 3.42% | 36,142 | Aug. 8, 2026 | Daily |
| OSCV · ETF Series Solutions | 2.46% | 330,590 NS | April 30, 2026 | N-PORT |
| RITA · ETF Series Solutions | 2.31% | 4,035 NS | April 30, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 2.20% | 124,665 NS | May 31, 2026 | N-PORT |
| REZ · iShares Trust | 2.13% | 335,980 SH | Aug. 8, 2026 | Daily |
| XMMO · Invesco Exchange-Traded Fund Trust | 1.48% | 1,972,988 | Aug. 8, 2026 | Daily |
| XMLV · Invesco Exchange-Traded Fund Trust … | 1.18% | 156,332 | Aug. 8, 2026 | Daily |
| USRT · iShares Trust | 0.85% | 717,701 SH | Aug. 8, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 0.76% | 251,636 NS | April 30, 2026 | N-PORT |
| PAMC · Pacer Funds Trust | 0.69% | 8,538 NS | April 30, 2026 | N-PORT |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.63% | 104,803 NS | May 31, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.61% | 1,255,057 NS | May 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.57% | 161,316 NS | April 30, 2026 | N-PORT |
| REET · iShares Trust | 0.56% | 523,003 SH | Aug. 8, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.53% | 7,302,659 SH | Aug. 8, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.49% | 336,814 NS | April 30, 2026 | N-PORT |
| SMMV · iShares Trust | 0.47% | 24,763 SH | Aug. 8, 2026 | Daily |
| PPTY · ETF Series Solutions | 0.46% | 2,336 NS | May 31, 2026 | N-PORT |
| FFSM · FIDELITY COVINGTON TRUST | 0.45% | 115,131 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.44% | 62,791 NS | April 30, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.43% | 43,618 NS | April 30, 2026 | N-PORT |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.41% | 102,043 NS | May 31, 2026 | N-PORT |
| ERET · iShares Trust | 0.37% | 942 SH | Aug. 8, 2026 | Daily |
| IJK · iShares Trust | 0.34% | 687,071 SH | Aug. 8, 2026 | Daily |
| XJH · iShares Trust | 0.33% | 26,046 SH | Aug. 8, 2026 | Daily |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.32% | 115,999 SH | Aug. 8, 2026 | Daily |
| QVMM · Invesco Exchange-Traded Fund Trust … | 0.32% | 24,668 | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.30% | 2,766,103 SH | Aug. 8, 2026 | Daily |
| IJH · iShares Trust | 0.29% | 6,649,476 SH | Aug. 8, 2026 | Daily |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.28% | 311,498 SH | Aug. 8, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.28% | 32,111 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.28% | 77,499 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.26% | 20,216 NS | April 30, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.24% | 28,770 NS | April 30, 2026 | N-PORT |
| IJJ · iShares Trust | 0.23% | 382,587 SH | Aug. 8, 2026 | Daily |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.23% | 64,547 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.22% | 8,416 NS | May 31, 2026 | N-PORT |
| MVV · ProShares Trust | 0.19% | 6,132 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.18% | 853,548 NS | May 31, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.18% | 2,938 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.17% | 88,213 | Aug. 8, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.17% | 24,981 | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.16% | 21,126 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.16% | 29,908 SH | Aug. 8, 2026 | Daily |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.16% | 5,421 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.16% | 8,509 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.16% | 31,257 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.15% | 38,492 NS | April 30, 2026 | N-PORT |
| HSMV · First Trust Exchange-Traded Fund III | 0.14% | 842 NS | April 30, 2026 | N-PORT |
| SMMD · iShares Trust | 0.14% | 95,189 SH | Aug. 8, 2026 | Daily |